Development is in very early stages of determining next best steps to change from PoW at this time. I don't want to give away their secrets, but I know they're looking at potentially using Proof of Space rather than Proof of Stake due to the nature of the project. I'll update the thread when they reach a consensus on a plan of action.

haha. I wouldn't take the 100 years explanation too seriously. The point is that there is no "theory of supply and supply". All this talk of the number of coins completely neglects the demand side of the coin, which is much more difficult to predict, but is equally important.

Let me be clear and save a lot of people a lot of money: You CANNOT predict the value of a coin based on the number of coins that will be produced. And, before you change strategies and jump into the stock market, you CANNOT predict the value of a stock based on only the number of stocks issued. Please, save your money, just stuff it under your mattress and sit quietly until help arrives.

Now, the inflation RATE does matter. And in that case, we are identical to Ethereum -- the rate (relative to total supply) decreases overtime.

Also, did I already post to this thread my idea about starting a blockchain that only has a total supply of one coin? If not, consider the gauntlet thrown. Imagine how much that coin is going to be worth!!

Also, did I already post to this thread my idea about starting a blockchain that only has a total supply of one coin? If not, consider the gauntlet thrown. Imagine how much that coin is going to be worth!!

please read the title ANNthis is no ico, no premine, no bounty. please read before asking.

Please read the conversation above the last post before you assume I'm being serious. My response was a direct reply to a developer, who was making a joke at the expense of speculators who only look at total coin supply. Any investigation on your part would have shown I have been an active contributor to this thread. Thanks for the judgment though, very cool.

Here's some real math for everyone, this should settle the infinite supply issue once and for all.

Counter-argument to coin supply hesitation:

Say we have 1.8M coins generated per day (approximation based on current block time and reward). At a constant rate, in 100 years we will have 65 billion (65,000,000,000) coins, which is 3,000 times the number of bitcoins. The current price of bitcoin is ~$1000. So, if we have 3,000 times as many coins, and you only care about coin supply, then the price of Musicoin would be ~ $1000 / 3000 ~= $0.33.

In short, you're not going to be alive long enough to care about such inflation. On the off-chance that we discover the secret to immortality, I suggest selling off between 100-200 years from now because the price will half by that point and I would hate for you old farts to lose money.

I think some of the clarification regargind infinite mining supply should be on main forum page of thread so people wont ask the same think again and again

Hey guys. Look at my calculations. The emission musicoin is 54 million per month and, accordingly, 648 million per year. It's very foolish to count before tens and hundreds years. There is reason to assume that in 1-2 years the musicoin will pass to the POS with annual about 5%, so that the emission will almost stop. As for the coins with billions of coins emission and huge capitalization and price, there are many examples for example a ripple (about 100 billion) or nem (9 billion) So we don't need disturbed about size emission musicoin